What is Home Buyer Plan?
Under the first-time Home Buyer’s Plan, you can withdraw up to $35,000 from your RRSP account to use as a down payment toward purchasing your…
Month: September 2022
What is the First Time Home Buyer Incentive?
The first time home buyer incentive down payment program provides additional down payment for first-time home buyers who meet the minimum down payment for an…
What is a Registered Disability Savings Plan (RDSP)
A registered disability savings plan (RDSP) is a savings plan designed to help individuals who qualify for the disability tax credit save money towards providing…
Do Rent Controls Keep Rents Low?
Rent controls rarely work to control long-term rent prices because such a policy often fails to account for and appreciate the importance of incentives in…
Open or Closed Mortgage: Which Is Better?
Mortgages come in two main varieties; open and closed mortgages. An open mortgage can be paid off early without any penalty, while a closed mortgage…
How to Calculate Your Personal Rate of Return
Personal rate of return is primarily calculated using two methods; dollar weight return or time-weighted return. A dollar-weighted return provides you with your personal rate…
New Home Warranty BC: The Complete Guide
New Home Warranty in BC provides protection for any new home built in British Columbia against construction defects. The program requires all homes built in…
Renting vs Buying Vancouver : Which is Better?
The debate over renting or buying a home is similar to the discussion around index vs active investment. Both generate a lot of emotional arguments…